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Spain: The Port of Alicante is undergoing a Euro3m upgrade to build a new dock that can support larger vessels. Once completed the upgrade will allow ships with a length of up to 240m to dock, according to the Diario Informacion newspaper. Previously the port could only support ships of up to 165m. The site processes large volumes of cement and clinker and dust mitigation measures are also being installed.
Philippines: Austria’s Starlinger has installed its 300th conversion line for Ad*Star bags at Sakomoto International Packaging’s plant in Caloocan City near Manila. The ad*starKON line was delivered as part of two sack conversion lines for the client. Sakomoto International Packaging supplies the local cement industry with Ad*Star sacks made of polypropylene fabric.
Afghanistan: The Ministry of Mines & Petroleum plans to re-issue a tender for the Jabal Saraj cement plant. The winning company will have to invest US$170m into the project to build 1Mt/yr plant, according to Tolo News. Previously, a local company won the tendering process to renovate the unit but the High Economic Council has decided to find a company with more industry experience.
Tongyang Networks to sell stake in Sampyo Cement 07 May 2018
South Korea: Tongyang Networks plans to sell its stake in Sampyo Cement for US$12.7m, according to Reuters. The sale covers 3,000,000 shares. Tongyang Cement & Energy changed its name to Sampyo Cement in 2017 following its purchase by Sampyo Corporation in 2015.
Philippines: Eagle Cement’s profit for the first quarter of 2018 has grown due to higher sales volume and efficiency gains. Its net profit rose by 3% year-on-year to US$21.3m, according to the Philippine Daily Inquirer newspaper. Its sales revenue rose by 6% to US$77.4m. The cement producer attributed its increase in sales volume to efficient production methods at its cement plant.